The weekend has come to an end, and a new week begins. Regardless of previous losses or profits, one should readjust their mindset to face the upcoming market trends, after all, sunk costs should not influence major decisions. Last week's market experienced significant fluctuations, with a sudden spike after reaching around 124,500, catching many off guard. In fact, bull markets are prone to sudden spikes, which is why every strategy during strong bullish sentiment reminds everyone to maintain good defenses and to approach the market with respect.

The fluctuations of Bitcoin over the weekend were minor, with the daily candlestick having a uniform shape, but overall it remained above the middle band. The 4-hour chart has also contracted to a certain extent, and the Bollinger Bands have begun to diverge in parallel; currently, it is in a low-level consolidation phase after the spike. The hourly chart has shown signs of divergence, while the upward fluctuations in the previous few hours were completely engulfed by a bearish candle. As it stands, bears are still dominant, so in the morning, we can continue to observe the strength of the pullback, and remember to maintain good defenses.

Bitcoin short at 118,000, pay attention to 116,000

Ethereum short at 4,500, pay attention to 4,420